IXN vs. MGGIX

Last updated Jun 4, 2026

IXN (iShares Global Tech ETF) and MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) are both funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while MGGIX is a Global Equities fund managed by T. Rowe Price. Over the past 10 years, IXN returned 25.57%/yr vs 13.54%/yr for MGGIX. Their correlation of 0.82 suggests significant overlap in exposure. IXN charges 0.46%/yr vs 0.95%/yr for MGGIX.

Performance

IXN vs. MGGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Tech ETF (IXN) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IXN achieves a 41.18% return, which is significantly higher than MGGIX's 4.95% return. Over the past 10 years, IXN has outperformed MGGIX with an annualized return of 25.57%, while MGGIX has yielded a comparatively lower 13.54% annualized return.

IXN

• 1D: -1.00%
• 1M: 21.36%
• YTD: 41.18%
• 6M: 41.72%
• 1Y: 74.57%
• 3Y*: 36.05%
• 5Y*: 23.25%
• 10Y*: 25.57%

MGGIX

• 1D: -0.61%
• 1M: 8.65%
• YTD: 4.95%
• 6M: -4.55%
• 1Y: -4.53%
• 3Y*: 16.45%
• 5Y*: 3.29%
• 10Y*: 13.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IXN vs. MGGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IXN iShares Global Tech ETF	41.18%	25.25%	24.84%	52.98%	-29.86%	29.58%	43.62%	47.88%	-5.44%	41.23%
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio	4.95%	1.86%	27.50%	49.70%	-41.57%	0.22%	55.49%	35.44%	-5.65%	49.45%

Correlation

The correlation between IXN and MGGIX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 2, 2008	0.82

The correlation between IXN and MGGIX shifts across timeframes, from 0.72 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IXN vs. MGGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IXN

IXN Risk / Return Rank: 88
IXN Sharpe Ratio Rank: 92
IXN Sortino Ratio Rank: 88
IXN Omega Ratio Rank: 86
IXN Calmar Ratio Rank: 89
IXN Martin Ratio Rank: 86

MGGIX

MGGIX Risk / Return Rank: 2
MGGIX Sharpe Ratio Rank: 2
MGGIX Sortino Ratio Rank: 2
MGGIX Omega Ratio Rank: 2
MGGIX Calmar Ratio Rank: 2
MGGIX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IXN vs. MGGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IXN	MGGIX	Difference
Sharpe ratio: Return per unit of total volatility	3.41	-0.22	+3.64
Sortino ratio: Return per unit of downside risk	4.14	-0.15	+4.28
Omega ratio: Gain probability vs. loss probability	1.54	0.98	+0.56
Calmar ratio: Return relative to maximum drawdown	5.43	-0.17	+5.61
Martin ratio: Return relative to average drawdown	18.73	-0.38	+19.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IXN vs. MGGIX - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 3.41, which is higher than the MGGIX Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of IXN and MGGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IXN	MGGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	-0.22	+3.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.13	+0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.05	0.59	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.53	+0.01

Drawdowns

IXN vs. MGGIX - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum MGGIX drawdown of -59.08%. Use the drawdown chart below to compare losses from any high point for IXN and MGGIX.

Drawdown Indicators

	IXN	MGGIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.67%	-59.08%	+3.41%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-27.65%	+13.85%
Max Drawdown (3Y) Largest decline over 3 years	-25.55%	-27.65%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	-36.30%	-51.02%	+14.72%
Max Drawdown (10Y) Largest decline over 10 years	-36.30%	-51.60%	+15.30%
Current Drawdown Current decline from peak	-1.00%	-10.61%	+9.61%
Average Drawdown Average peak-to-trough decline	-11.27%	-11.23%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	12.36%	-8.37%

Volatility

IXN vs. MGGIX - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 7.95% compared to Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) at 5.98%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than MGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IXN	MGGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.95%	5.98%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	17.85%	19.04%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	21.98%	21.55%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.84%	26.01%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	23.05%	+1.35%

IXN vs. MGGIX - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is lower than MGGIX's 0.95% expense ratio.

Dividends

IXN vs. MGGIX - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.74%, while MGGIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IXN iShares Global Tech ETF	0.74%	1.04%	0.43%	0.55%	0.81%	0.58%	0.63%	1.06%	0.94%	0.93%	1.03%	1.12%
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio	0.00%	0.00%	9.27%	2.13%	22.94%	4.92%	1.16%	0.00%	0.79%	0.39%	7.04%	1.26%

Frequently Asked Questions

Can I hold both IXN and MGGIX in my portfolio?

IXN and MGGIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IXN or MGGIX?

IXN has higher volatility (7.95%) compared to MGGIX (5.98%). In terms of maximum drawdown, IXN dropped -55.67% vs MGGIX's -59.08%.

Which has better risk-adjusted returns?

IXN currently has the higher Sharpe Ratio (3.41 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.